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1368 Greely Lane Greely, Ontario K4P 1A1

$1,600,000

INVESTORS ALERT! Great opportunity to own a building in Greely Industrial park that is currently tenanted for the next 5 years. 3000Sqft building with over 13000 SQFT of yard space completely fenced for security. The building has approximately 1600sqft of warehouse space with commercial garage door. The remaining 1400sqft is equipped with offices, boardroom. Upstairs loft area great for storage. The building with tenant is offering a 4.7% Cap rate in the first year. May of every year for the next 5 years the rent escalates. 2023 = 5% cap rate. 2024 = 5.2% cap rate. 2025 = 5.5% cap rate. 2026 = 5.8% cap rate. The Lease currently signed for 5 years is to the advantage of the landlord. The Tenant pays for all utilities, maintenance, repairs etc. Landlord is responsible for building insurance and property tax only. Don't miss out! (id:36465)

Business

Business Type Industrial
Business Sub Type Light industrial

Property Details

MLS® Number 1312393
Property Type Industrial
Neigbourhood Greely
Parking Space Total 15

Building

Constructed Date 2002
Heating Fuel Natural Gas

Land

Acreage No
Size Depth 229 Ft ,8 In
Size Frontage 100 Ft ,1 In
Size Irregular 100.07 Ft X 229.66 Ft
Size Total Text 100.07 Ft X 229.66 Ft
Zoning Description Commercial

https://www.realtor.ca/real-estate/24858832/1368-greely-lane-greely-greely

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